Real estate attorneys Steven H. Zidell and Joshua M. Min represented a seller in the $4,000,000 sale of commercial retail property in Long Beach, CA, with a major retailer as its tenant. The seller consisted of multiple parties as tenants in common.
Wolf, Rifkin, Shapiro, Schulman & Rabkin, LLP promotes Los Angeles based attorneys: Kelly Weil, Johnny White, Daniel Wiesel and Matthew Wolf to partner.
Ms. Weil has over 24 years of experience in representing homeowner associations. In addition to her Juris Doctoris, she possesses a Master's Degree in Real Estate Development from University of Southern California. Her clients range from two units to 18,000 units, and include all types of multi-family housing, high rise luxury developments, planned unit developments (attached and stand-alone), condominiums and cooperatives.
Mr. White is an experienced business and commercial litigator with a practice primarily focusing on bankruptcy, insolvency and debtor-creditor cases. He has extensive experience in both state and federal court across a variety of substantive areas, and has represented clients at both trial and appellate level in both California and New York. Mr. White is also a qualified barrister in the Republic of Ireland.
Wolf, Rifkin, Shapiro, Schulman & Rabkin, LLP is pleased to announce that Jordan Butler has been promoted to partner in the firm's litigation department.
Mr. Butler is based in the firm's Las Vegas office.
"Jordan has made significant contributions to the firm, from his achievements as a litigator in the areas of employment law, class actions, commercial litigation and community association law, to his unique understanding of sports immigration law from the perspective of being a former Division I college tennis athlete. We are proud to welcome him to the partnership," said Managing Partner, Michael Wolf. "We look forward to his continued success at the firm."
Entertainment, intellectual property and technology attorney, Heidy Vaquerano was elected to be a part of the South by Southwest pitch Advisory Board for 2019.
Members of the Advisory Board are thought leaders that are chosen for their industry expertise in the tech sphere to evaluate applications from different companies looking to pitch their ideas at the annual SXSW Accelerator Pitch Event.
This event will feature 50 Interactive technology companies from 10 different categories. These companies will pitch, followed by a Q&A with the selected panel of judges. Twenty-five companies will be featured on Saturday, March 9 and the remaining twenty-five companies on Sunday, March 10. On March 10 at 7pm the winner will be announced in each category.
The winning prizes include two Platinum registrations for SXSW 2020, various SXSW Pitch sponsor gifts and the opportunity to receive exposure to the SXSW audience looking out for the latest in cutting-edge technology.
Of the 453 companies who participated in SXSW Pitch between 2009 and 2018, over 71% received funding, with combined funding in excess of almost $5.43 billion (does not include undisclosed grants, angel and seed funding). Of these 453 companies, 16% have been acquired by the likes of Google, British Telecom, Huffington Post, Apple, Live Nation, OpenTable, Constant Contact, and Harmon. Some of the alumni of this event include Klout, Hipmunk, Wildfire, Tubemogul, Siri, Foodspotting, and Tango.
To learn more about the 2019 SXSW Pitch event please click here.
These deals include:
Over $60 million in commercial and mixed use properties
Over $53 million in industrial properties
Over $240 million in multi-family properties
Over $2 million in single-family properties
Additionally, Mr. Wiesel closed in excess of $1 million in loans to home owners associations. These are highly specialized loan products that are secured by HOA fees rather than a traditional mortgage on real property.
This past month, Los Angeles based real estate attorneys Steve Zidell and Josh Min closed a loan for over $30,000,000 secured by 6 separate pieces of real estate. In this transaction, the firm represented the lender. Additionally, in a separate transaction they negotiated an approximately 9 and a half year lease (on behalf of the landlord) to a post-production company of approximately 90% of a commercial building in Culver City, with a parent company guaranty, an option to extend, completion of landlord work and a tenant improvement allowance.
On December 11, 2018, Nevada-based partner John Samberg will be on the faculty of a National Business Institute seminar entitled “Hearsay, Email, Business, Records and Social Media – in the Trenches!” The program provides CLE credit, and offers a practical guide for attorneys in fine-tuning their understanding of evidentiary rules, the proper and creative use of objections and exceptions at trial, and ethical considerations in applying these rules. The seminar will take place at the Hilton Garden Inn located at 9920 Double R Boulevard, Reno NV 89521.
To learn more please call 1-800-930-6182 or click on the link below.
About John M. Samberg
Mr. Samberg is a partner with Wolf, Rifkin, Shapiro, Schulman & Rabkin, LLP. He is an experienced trial attorney, a member of the Bars of California and Nevada, and an inactive member of the Law Society of England and Wales. Directly and through pro hac vice admission, Mr. Samberg has handled a broad variety of matters, including commercial, construction, and bankruptcy litigation, real estate disputes, creditor's rights, and major injury/wrongful death cases in state, federal and bankruptcy courts across the country.
Los Angeles partner, Stephen Levine, was just elected President of the Dai Vernon Foundation. He will be serving a two year term through October 2020.
About The Dai Vernon Foundation
The Dai Vernon Foundation is a 501(c)(3) non-profit foundation dedicated to supporting magicians and aspiring magicians by funding the education of new talent, as well as giving cash grants to help magicians in extreme circumstances. To learn more about the foundation click here.
Las Vegas attorney Jordan Butler recently attended the U.S. Open tennis tournament in New York City. Mr. Butler met with numerous current and prospective clients of the firm, including professional tennis players and top coaches from around the world, regarding U.S. employment visas under the P-1 and O-1 categories. These visas are geared towards international athletes and support personnel who meet the international recognition standard (P-1) and/or extraordinary ability standard (O-1). Mr. Butler has successfully petitioned for P-1 and O-1 visas on behalf of several top-ranked international tennis players and coaches.
On September 15, 2018, Entertainment and Intellectual Property attorney Heidy Vaquerano will be moderating the panel discussion, “Women at the Intersections of STEM, Culture and Entertainment,” from 11:35 p.m. to 12:00 p.m. PST for an event hosted by the mayor of Los Angeles, Eric Garcetti. This discussion is set to focus on the way that women leaders are using STEM ( science, technology, engineering, and math) to interact with and influence culture, art, and entertainment.
About WiSTEM L.A
The purpose of this initiative is to encourage and facilitate opportunities for women in the tech, science, engineering and math sectors to find jobs and to be fairly and accurately represented in these industries.
Click here to read more about the STEM initiative.
On August 6, Los Angeles partner Chris Heck won an appeal on behalf two of the beneficiaries in a longstanding litigation concerning a $65 million trust. In a 53-page reported opinion, the Second District Court of Appeal upheld Mr. Heck’s 2015 and 2016 trial court victories over another beneficiary who had challenged the trustee’s allocation of the gain on sale and taxes on one of the trust’s major real property assets. Via his appeal, the opposing beneficiary had hoped to recover $4 million from the clients or their sub-trusts. Instead, he will have to pay the clients’ attorney fees and costs for the appeal.
Heidy has over 16 years of experience in both entertainment and intellectual property matters. Her strength lies in providing clients strategic advice to help protect and monetize their intellectual property. Her unique ability to bridge the gap between the entertainment and tech industries has allowed her to represent cutting edge start-ups that use branded content at the core of their product.
Heidy's connection to the tech industry goes beyond legal representation. She is also involved as a board member of various tech non-profits and as an advocate for women in the industry. She explained that she's eager to help female entrepreneurs and founders who are often an underrepresented minority in the tech industry.
Click here to read the full press release.
In the video clip below, Reno partner Chris Mixson discusses the gem of the Sierra: Lake Tahoe. The large freshwater lake in the Sierra Nevada Mountains contains enough water to cover the entire state of California, 14 inches deep. Chris focuses his practice in the area of Environment and Natural Resources litigation, particularly water rights disputes.
Los Angeles partner, Leslie Marks, reached a 4 million dollar settlement for his client, an HOA, in a construction defect case. This case involved various damages, primarily water intrusion, to a building that included 71 condominium units, 4 floors, and 1 subterranean garage. Mr. Marks is a litigation partner at Wolf, Rifkin, Shapiro, Schulman & Rabkin, LLP. He has extensive experience representing community associations, homeowners and commercial owners in prosecuting construction defect claims.
By: Ben Auten, Esq. for Wolf, Rifkin, Shapiro, Schulman & Rabkin, LLP
With the continued steady increase in home prices for both Clark and Washoe counties, the resurgence of creative financing in order to facilitate closing on residential transactions is inevitable. In particular, a seller might hear the term, “wrap-around mortgage” when entertaining an otherwise attractive offer from a prospective buyer that is unable to pursue traditional lending options. A wrap-around mortgage is a loan transaction wherein the lender ultimately takes responsibility for an existing mortgage. Consider as an example, a seller that has a $100,000 loan on his or her home may decide to sell that home to a buyer for $150,000. The buyer pays a down payment, say $10,000, and in that context, buyer borrows the remaining $140,000 under a new loan from the lender. The new loan “wraps around” the existing $100,000 loan since it will become the responsibility of the new lender to stay current on the old loan by making timely payments. There are a financial reasons that can make the wrap-around structure appealing to a lender and generate legitimate interest in this form of financing.Read More
Don Springmeyer and Chris Mixson, leaders of the firm’s Environmental Law litigation practice, recently won a “run-the-table” victory at the U.S. Court of Appeals for the Ninth Circuit in a complex multi-party water rights transfer case involving the Walker River in Nevada: Walker River Opinion. Don and Chris represent the National Fish and Wildlife Foundation in the Foundation’s program to purchase Walker River irrigation water rights and transfer them to in-stream flow.
Michael Schulman, a senior partner practicing Community Association law in the Nevada and California offices, is teaching a class at the Nevada Association of Community Managers Expo in Las Vegas on June 22nd. He will instruct on correctly running the election process for HOA Board positions. The WRSSR HOA team will be exhibiting at the Expo, as well.
The Judge in Las Vegas in charge of the consolidated securities derivative cases involving Wynn Resorts, has appointed Don Springmeyer and the firm as Liaison Counsel for all of the plaintiffs in In Re Wynn Resorts, Ltd. Derivative Litigation, Case A-18-769630-B. The Liaison Counsel is responsible for organizing and coordinating the efforts among the plaintiff pension funds and their various attorneys in the case. Don is headquartered in Las Vegas, and leads all of the firm’s class action and complex litigation matters in Nevada.